SOURCE: Wall Street News Alert

Wall Street News Alert

December 12, 2007 09:43 ET

Wall Street News Alert Reports Wednesday's Stocks to Watch: AOGN! December 12, 2007

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - December 12, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Avalon Oil and Gas, Inc. (OTCBB: AOGN), Apple Inc. (NASDAQ: AAPL), EMC Corporation (NYSE: EMC) and Level 3 Communications, Inc. (NASDAQ: LVLT).

Avalon Oil and Gas, Inc. (OTCBB: AOGN) is a new stock to place on your radar and watch as Wall Street News Alert initiates coverage of the company. The company, a conservative oil and gas company, issued a press release Tuesday after the markets closed reporting production up 69% in the quarter.

Good news for AOGN! Kent Rodriguez, CEO of Avalon Oil & Gas, provided an update on the expanding production of the Company's oil and gas asset portfolio, and reported a production increase of 69% over the previous quarter. "As we continue to expand our portfolio of oil and gas producing properties, Avalon is successfully enhancing developmental and rework opportunities to achieve operational profitability," emphasized Mr. Rodriguez. Please refer to yesterday's press release for complete details on the production update.

Kent Rodriguez, Avalon's CEO summarized, "Avalon's portfolio now includes production assets of 44 producing oil and gas wells in 5 states. By optimizing production and increasing operational efficiency, we continue to generate a consistent rate of return for our shareholders." He continued, "We expect to continue this trend by keeping overhead low and expanding our capital deployment over more well interests."

Wall Street News Alert is alerting aggressive investors to watch Avalon Oil and Gas! Avalon Oil & Gas, Inc. is a conservative oil and gas company engaged in the acquisition of proven oil and gas producing properties. The company continues to deploy strategic financial resources for interests in existing production and participation in developmental and rework opportunities. In addition, Avalon's technology group acquires and develops oil production enhancing technologies. Avalon is building an asset portfolio of innovative technologies in the oil and gas industry to maximize enhancement opportunities through Oiltek, Inc., Avalon's majority-owned subsidiary.

The stock closed Tuesday at Forty Three cent a share.

For an in-depth profile of Avalon Oil and Gas, visit http://www.WallStreetNewsAlert.com/HotStocks/AOGN121107/default.aspx

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

Apple Inc. (NASDAQ: AAPL) down 2.9% on 39.6 million shares traded.

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications.

EMC Corporation (NYSE: EMC) down 0.7% on 32.6 million shares traded.

EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information.

Level 3 Communications, Inc. (NASDAQ: LVLT) down 0.8% on 23.3 million shares traded.

Level 3 Communications, Inc., an international communications company, operates one of the largest Internet backbones in the world, connecting 180 markets in 18 countries.

Market Commentary:

"The chief executive of Freddie Mac estimated Tuesday the mortgage finance company will lose an additional $5.5 billion to $7.5 billion over the next few years as the housing crisis worsens and home-loan defaults rise," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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